516 11th St NMountain LakeMN56159
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Mountain Lake at 516 11th St N, Mountain Lake, MN, 56159 earns $257/mo cash flow from $1,162/mo rent with a $709/mo payment. Total monthly income totals $1,162/mo, and annual cash flow totals $3,089/yr on $48,034 capital. ROI tracks 26.34% on current figures, and rental yield reads 9.62% at a $144,900 purchase. Equity gained on principal adds $935/yr, and 5% annual appreciation supports $40,033 over five years. Five-year ROI reaches 137.45% and total cumulative return in cash sums $66,025. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,162/mo property income instead of your personal income.
Single Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56159, Mountain Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,102 (100%) |
| Owner Occupied HU | 749 (68.0%) |
| Renter Occupied HU | 257 (23.3%) |
| Vacant Housing Units | 96 ( 8.7%) |
| Median Home Value | $188,508 |
| Average Home Value | $241,876 |
Housing Distribution
Address Breakdown
Residential
956
Single Family
861
Multi-Family
95
Businesses
85
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Listed by: Dana Kass • EXIT Realty - Great Plains
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6595448